June 3, 2010
Accident Fund Holdings Inc. has created Third Coast Underwriters – a new, Chicago-based, specialty markets operation that will offer workers’ compensation insurance for underserved markets that have complex risks. Third Coast Underwriters will offer policies written on the paper of …
June 3, 2010
Illinois-based insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired Joseph James & Associates of Dublin, Ohio. Terms of the transaction were not disclosed. Established in 1989, Joseph James & Associates offers a wide range …
June 1, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of RLI Group and its members. Best also affirmed the ICR of “a-” and debt rating of “a-” on $100 …
May 28, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc. (HICI), based in Geneva, Illinois. Hiscox USA is …
May 27, 2010
The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The program is moving into Arizona, Colorado, Nevada, New …
May 27, 2010
The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …
May 26, 2010
Assurance Agency Ltd., based in Schaumburg, Ill., has added Robert Dufkis, to serve clients in the areas of both property and casualty, and employee benefits. Dufkis has 18 years of insurance industry experience, and has worked with Illinois municipalities, educational …
May 25, 2010
New York insurance regulators have handed out some sizable fines in the last several months, including one for $360,000 to a large national insurer that mischarged auto insurance customers. Clarendon National Insurance paid the fine for violations of state insurance …
May 24, 2010
Property owners across the country fearing they may be forced to buy expensive flood insurance under a push to draw up new floodplain maps will catch a break by being offered the coverage at sharply lower rates for two years, …
May 19, 2010
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of EMC Insurance Companies (EMC) and its seven P/C members, which operate …